Congressman Ron Paul's bill to audit the Federal Reserve -- which
has gone from a fringe concern to a piece of legislation with
majority support in the House -- has found a champion in the
Senate. Last night, Sen. Jim DeMint (R-S.C.) inserted the full
text of the Senate version of Paul's audit the Fed bill as an
amendment to the the Legislative Branch Appropriations Act. This
$3 billion bill contains certain provisions for GAO audits of
other federal agencies.
Senate Democrats shot the amendment down after Sen. Ben Nelson
(D-Neb.) raised a point of order, objecting that DeMint's measure
violated Senate rules by trying to legislate through an
appropriations bill. According to Campaign for Liberty's John
Tate, DeMint protested and got the Senate's presiding officer to
admit that other provisions were tantamount to legislating
through an appropriations bill. That didn't help move DeMint's
"audit the Fed" language, but it will help galvanize supporters
of an unlikely grassroots monetary issue.